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CFPB makes changes to senior leadership

Richard Cordray

The Consumer Financial Protection Bureau announced several changes to the agency’s senior leadership on Tuesday.

Steven L. Antonakes, formerly the assistant director of the CFPB’s Large Bank Supervision program, will now serve as associate director of supervision, enforcement and fair lending at the CFPB.

Antonakes began his career as an entry-level bank examiner in 1990 before moving on to serve as a Massachusetts bank commissioner from 2003 to 2010.

Camille Busette joined the CFPB as assistant director of the Office of Financial Education. Before joining the CFPB, however, Busette was a senior fellow at the Center for American Progress where she focused on discovering financial opportunities for low-income families.

Meredith Fuchs, the formerly principal deputy general counsel to the CFPB and chief of staff to CFPB Director Richard Cordray, will now serve as the CFPB general counsel. Before joining the CFPB, Fuchs served as chief investigative counsel to the House Committee on Energy and Commerce.

Wendy Kamenshine, the CFPB ombudsman, officially joined the CFPB last month. Before joining the CFPB, Kamenshine served as senior ombudsman for Homeland Security’s Citizenship and Immigration Services Ombudsman’s Office. Additionally, before joining the federal government, Kamenshine practiced international trade law.

Len Kennedy, the formerly general counsel and associate director of the CFPB, will now serve as senior advisor and counselor to Cordray. Kennedy formerly advised the Sprint Nextel Corporation’s CEO, board of directors and senior management. Additionally, Kennedy served twice as senior legal advisor to the Federal Communications Commission.

Clifford Rosenthal joined the CFPB as assistant director of Financial Empowerment. Before coming to the CFPB, Rosenthal served as president and CEO of a non-profit credit union association serving low income communities.

“I am very pleased to announce these updates to the CFPB leadership team,” Cordray said. “As the CFPB continues moving forward with its important work, we are leveraging the collective expertise of our dedicated senior staff to better serve consumers and fulfill the CFPB’s mission of making consumer financial markets more fair, transparent and competitive.”